© 2014 – Routledge
This book explains the volatility of the global foreign exchange markets by the interplay of political strategies and actions of market makers, looking at currency strategies put in place by the US, the Euro zone, Japan, China, and also Canada.
Foreword. Introduction 1. Exchange Rate Regimes and Exchange Rate Episodes: The Historical Dimension 2. The Failure of Standard Exchange Rate Economics 3. Foreign Exchange Markets as ‘Socially Embedded Markets’: An Alternative Approach 4. Global Imbalances, Power Shifts, and Strong Dollar Politics of the US: The Era of Currency Competition 5. Case Studies: Currency Strategies Compared 6. Currency Cooperation Past and Present: Proposals and Interpretations 7. Outlook